South Carolina Association of CPAs

(SSTX467/26) Surgent's How to Settle an Estate - An Overview
2026-06-30 12:00 (America/Detroit)
Event Description
This course discusses the legal issues in probating and contesting a will, plus the practical issues involved when settling an estate – marshaling of assets, payment of creditors, and distribution and accounting to beneficiaries. Inventory of estate assets is also discussed.
Designed For
Accounting and Financial Professionals who wish to assist in settlement of an estate, regardless of size
Objectives
Describe the process of estate administration, including the basics of creating the estate Identify the steps to take immediately upon the death of the decedent State the problems and pitfalls associated with the distribution of estate assets Know what to do when faced with legacies of solvent and insolvent estates
Major Subjects
Process of estate administration, including the basics of creating the estate, the role of the executor, and how to probate a will Steps to take immediately upon the death of the decedent and the importance of inventorying the estate assets Problems associated with the distribution of estate assets Utilizing family settlement agreements
Instructions
None

(SSET403/26) Surgent's Ethical Considerations for CPAs
2026-06-30 12:00
Event Description
CPAs today face greater challenges than ever to maintain the high ethical standards of their profession. This course provides a framework within which to consider the ethical challenges facing CPAs and focuses on ethical requirements that CPAs must adhere to in their everyday practice, including practical examples of potential ethical dilemmas that practitioners may encounter. PLEASE NOTE: THIS COURSE COVERS GENERAL ETHICS AND IS APPLICABLE IN STATES IN WHICH STATE-SPECIFIC ETHICS IS NOT REQUIRED.
Designed For
All CPAs
Objectives
Understand the attributes of ethics and professional conduct Identify ethical issues that occur every day in the work environment Understand those deliberative, emotional, and social skills that enable a CPA to put their knowledge of the rules into practice in ways that are applicable to any situation
Major Subjects
The CPA’s role in today’s economy The similarities and differences between individual and business ethics The link between ethics, integrity and scruples The basic attributes of ethics and professional conduct The history of the CPA profession and the CPA’s requirement to adhere to ethics policies and codes of conduct The AICPA’s Code of Professional Conduct and a CPA’s responsibility to the public, clients, and colleagues The common rules and statutes faced daily in the CPA profession. Case studies may also be utilized to present potential ethical dilemmas CPAs may face during their careers
Instructions
None

(SSAA499/26) Surgent's Focus on Engagement Quality: How to Avoid Deficiencies in Peer Reviews
2026-06-30 12:00
Event Description
With the AICPA’s heightened focus on enhancing audit quality, increased oversight of the peer review process and the auditor’s overall responsibility to provide high quality services, the focus on compliance with professional standards has never been greater. Add to that the requirement to implement the revised risk assessment standards (SAS 145) and it’s easy to see why it’s more important than ever to ensure that auditors have a good understanding of the requirements and comply with documentation standards. Recent peer reviews have indicated that auditors are often failing to perform and/or document certain critical components of an audit such as the auditor’s assessment of risk and linking the results of the assessment to substantive procedures performed. In addition, auditors are not adequately documenting their consideration of fraud, expectations in analytical procedures and the appropriate level of work needed to understand an entity’s internal control.The AICPA issued its Quality Management Standards in 2022. Firms are required to implement the standards by December 15, 2025. And the firm’s evaluation of the System of Quality Management is required within one year after that. This is not just a matter of tweaking the firm’s existing QM document, the standard requires a risk assessment process to identify risk.The objective of the course is to provide the insights necessary to help auditors and accountants improve not just the quality of their work but also the perception of the accounting profession as a whole. We will focus on the most significant items resulting in deficiencies identified in the peer review process. We will also discuss the applicable audit standards, documentation requirements, and best practices. We will address the new QM standards.
Designed For
Accounting and auditing practitioners at all levels desiring to improve engagement quality
Objectives
Identify key elements of the AICPA’s Enhancing Audit Quality initiative Recognize key trends in recent peer review deficiencies noted Identify professional standards related to performing a risk assessment, understanding and testing internal controls, and linking these procedures to further audit consideration Implement best practices to help ensure overall engagement quality
Major Subjects
AICPA’s Enhancing Audit Quality initiative Recent revisions to Quality Management standards Feedback from peer reviews, including areas driving deficiencies in audit Elements of an effective risk assessment and how to link to audit procedures performed Understanding internal controls and making the decision whether or not to test them Issues related to compilations and reviews Issues related to employee benefit plans Issues related to Government Auditing Standards/Single Audits Best practices in documentation
Instructions
None

(SSTX498/26) Surgent's Max the Tax: Schedule C
2026-06-30 12:00
Event Description
In this scavenger hunt game, you’re a tax associate at Surging CPAs, LLC. It’s the busy time of year, and you arrive at work to find an urgent assignment in your inbox from your senior manager, Caroline. Another colleague suddenly quit, and Caroline needs help finishing the tax return today for the client, Jasper Jones, a small business owner. Jasper does not want to file an extension. You’re asked to jump in and help complete the Schedule C, which is the only remaining form to complete the return.
Designed For
Tax practitioners desiring an interactive approach to learn key tax knowledge
Objectives
Determine whether client’s expenses are allowable on the Schedule C tax form Recognize appropriate reductions to taxable income for self-employed individuals
Major Subjects
Tips and tricks to prepare the Schedule C Income and expenses Tax invoice preparation Legal invoice Entertainment invoice Education invoice
Instructions
None

(SSTX545/26) Surgent's Selected Issues in Preparation of 1040 Individual Income Tax Returns
2026-06-30 12:00
Event Description
This course provides new staff accountants, data processing employees, para-professionals, and bookkeepers a study into some of the more complicated issues they may face in tax return preparation. Updated for impacts of recent legislation, including the SECURE Act 2.0, the Inflation Reduction Act, CARES Act, Consolidated Appropriations Act of 2021 (CAA 2021), ARPA, TCJA, and SECURE Act.
Designed For
New staff, rusty or those returning to the profession, who desire to prepare individual returns
Objectives
Have an overview of passive activity rules Complete a comprehensive Form 1040 Learn about IRA contributions and self-employed retirement plans Complete a comprehensive problem related to computation of an individual’s federal income-tax liability, with filled-in forms
Major Subjects
Business income and expenses IRAs, qualified retirement plans, and Social Security benefits Depreciation and recapture Rental income and expenses, income via Schedule K-1, and loss limitations Alternative Minimum Tax Casualty losses, moving expenses, sale of home, alimony, and penalties
Instructions
None

(SSOT407/26) Surgent's Business Development: Referral Rally
2026-06-30 12:00
Event Description
Participants play the role of a consultant brought into an accounting firm that needs help building new business and restoring their sales pipeline. Players apply core business development principles as they move from analyzing networking groups to meet people that most closely align with the company’s vision to choosing the right contacts that will best lead to referrals for the struggling company. The game’s accompanying video, “Business Development for Accounting and Other Professionals” provides additional reinforcement of the topics and learning objectives.
Designed For
Accounting professionals needing to develop core business development skills, including the importance of building their professional network
Objectives
Be familiar with ways to expand a client base through networking and referral sources Understand how professionals differentiate their practice in a crowded field of competitors
Major Subjects
Networking organization; Obtaining referral sources
Instructions
None

(SSAA595/26) Surgent's Small-Business Accounting, Audit, and Attest Update
2026-06-30 12:00
Event Description
Specifically tailored for practitioners who not only perform audits but provide other attest and nonattest services to small and medium-sized businesses, this course is a comprehensive update covering recently issued accounting, auditing, and SSARS standards, as well as other professional guidance impacting small and medium-sized business accountants. The course uses practical examples and illustrations to help you understand and apply the new guidance and will get you up to speed on the things that are most important to your smaller and medium-sized clients.This course covers recently released FASB ASUs, AICPA Auditing Standards, AICPA SSARSs, and the not yet effective Statements on Quality Management Standards (SQMS). Lastly, we will cover ongoing issues and pain points following ASC 842 becoming effective.
Designed For
Practitioners at all levels who provide nonaudit and nonattest services to small and medium-sized businesses desiring to remain up to date on recent pronouncements and other standard setters’ activities and professional guidance
Objectives
Review recently issued accounting and non-audit attestation pronouncements, including PCC activities Understand new guidance applicable to auditing, SSARS, and attest engagements Identify best practices for ASC 842 Be aware of other important AICPA guidance affecting small and medium-sized business practitioners Understand key differences in ASC 842 from ASC 840, ongoing issues firms are experiencing, and surprises in the now effective standard
Major Subjects
Small and medium-sized business-related ASUs, including recent PCC activities Recently issued AICPA standards Engagement quality update Newly issued SSARS and SSAE standards SASs effective for 2024 audits and beyond
Instructions
None

(SSTX408/26) Surgent's Advanced Critical Tax Issues for S Corporations
2026-06-30 12:00
Event Description
This course goes beyond the basics and addresses important practical issues that an experienced practitioner must know. Even if you have attended other S corporation courses, you will learn something new in this course.
Designed For
All practitioners and controllers who have attended a basic S corporation course and want to understand more complex issues and their practical implications
Objectives
Understand how stock basis, AAA, and other limitations are determined Appreciate how corporation planning can be used in an S corporation to change the effects of the one-class-of-stock rule Understand what S corporation issues are being debated with the Service, settled in courts, and guided by administrative decisions
Major Subjects
Final regulations on eligible terminated S corporations (ETSCs) Cases, rulings, and tax law changes affecting S corporations Compensation planning in S corporations, including limitations in a family-controlled business; self-employment tax issues, including IRS efforts to address underreporing of S corporation officer compensation Use of redemptions: still some advantages Planning for the liquidation of an S corporation Tax issues for family ownership of S corporation stock Impact of the tax on net investment income on sales of S corporation stock Stock basis: Loss limitations, AAA, and distribution issues in depth Debt basis: what the regulations on back-to-back loans mean to investors Estate planning for S corporation shareholders, including buy-sell agreements, QSubs, ESBTs, and uses of life insurance Built-in gains: the 5-year recognition period S corporation structuring: one class of stock Methods of accounting Legislation on mortgage interest reporting, basis, statute of limitations, and tax return due dates
Instructions
None

(SSAA468/26) Surgent's A Complete Guide to the Yellow Book
2026-06-30 12:00
Event Description
If you work with governments and not-for-profits, a thorough understanding of the Yellow Book is essential. This course will equip you with a comprehensive knowledge of the Yellow Book requirements and increase your confidence and proficiency in performing Yellow Book audits. Updated for the 2024 Yellow Book revision, the course materials utilize a highly illustrative and innovative format. Over 20 focused exercises are included to provide an enhanced knowledge of the Yellow Book.
Designed For
Auditors performing Yellow Book engagements
Objectives
Thoroughly understand the requirements of the Yellow Book and how they relate to the AICPA and single audit requirements Excel in the Yellow Book auditing arena Save time and stress on Yellow Book engagements via in-depth knowledge of the requirements
Major Subjects
When is the auditor required to follow the Yellow Book (aka Government Auditing Standards or GAGAS)? How the Yellow Book requirements relate to generally accepted auditing standards and the single audit requirements The different types of Yellow Book audit and attestation engagements that auditors may be called upon to perform The Yellow Book standards related to the qualifications of the auditor (i.e., requirements related to independence, CPE, peer review, and more) The Yellow Book requirements related to the performance of and reporting on a financial audit The Yellow Book requirements related to attestation engagements (i.e., examinations, reviews, and agreed-upon procedures engagements) and performance audits
Instructions
None

(SSTX468/26) Surgent's This Year's Top Tax and Financial-Planning Ideas
2026-06-30 12:00
Event Description
With tax rates for individuals, estates and trusts changing, tax planning takes on more importance. New ideas for financial planning and retirement must be considered. The purpose of this course is to explore practical tax-planning ideas that practitioners can use to assist clients with their needs. This course is crucial for CPAs who are looking for good ideas that can save clients money! Continually updated for legislative developments.
Designed For
All Accounting and Finance Professionals, especially those who want to provide the best up-to-the-minute tax advice
Objectives
Understand changes to tax law affecting individual taxpayers through the present Identify strategies that are effective following estate and gift tax changes
Major Subjects
Timely coverage of breaking tax legislation, including the SECURE 2.0 Act and Inflation Reduction Act provisions applicable to individuals Changes to the lifetime estate tax exemption by the TCJA in light of April 2022 proposed regulations Considerations when selling a principal residence Tax benefits of HSAs An overview of the mechanics and practical considerations of Donor Advised Funds Virtual currency and digital assets The Corporate Transparency Act and FinCEN Beneficial Ownership Information reporting An update on income tax and estate-planning ideas, including any recent changes Tax ideas for the current year Miscellaneous tax-planning techniques that can add up to significant tax savings How to use the whole family for tax savings Up-to-the-minute ideas reflecting new tax law changes in cases, regulations, and rulings
Instructions
None

(SSAA494/26) Surgent's Disclosures of Risks and Uncertainties
2026-06-30 12:00
Event Description
This course provides an overview of the disclosure requirements regarding risks and uncertainties. The disclosure requirements related to risks and uncertainties are prescribed by the Financial Accounting Standards Board (FASB) in ASC Topic 275. For public business entities that file their annual and interim reports with the U.S. Securities & Exchange Commission (SEC), there are also additional disclosure requirements required by Regulation S-K. This course focuses on general disclosure requirements outlined in U.S. GAAP. This course also provides illustrative examples from both the GAAP implementation guidance as well as actual SEC filings from public business entities.
Designed For
CPAs in need of an overview of the disclosure requirements regarding risks and uncertainties.
Objectives
Identify the scope of transactions included within ASC Topic 275 Recognize when disclosure is required related to accounting estimates Differentiate between concentration areas and whether or not disclosure is required
Major Subjects
Recall the general disclosure requirements relating to risks and uncertainties Be aware of the additional disclosure requirements required by Regulation S-K for public business entities that file reports with the SEC
Instructions
None

(SSAA567/26) Surgent's Preparation and Compilation Engagements Under the SSARS
2026-06-30 12:00
Event Description
Be the go-to person on financial statement compilation and preparation engagements. Specifically designed for those performing preparation and compilation engagements, this course will provide you with a hands-on application for performing preparation and compilation engagements under AR-C Section 70 and 80, respectively. You will learn the ins and outs of relevant sections of the SSARS related to preparation and compilation engagements with a focus on how recently issued updates to SSARS No. 21 impact these engagements. More importantly, you will be provided practical examples and illustrations to help you effectively and efficiently perform those engagements, including a detailed discussion of the reporting requirements under AR-C 80 related to compilation engagement. Lastly, the course will review recent peer review feedback on these types of engagements, highlighting areas where you can improve engagement quality.
Designed For
Accounting practitioners and their staff performing and managing preparation and compilation engagement services
Objectives
Understand and apply relevant sections of SSARS No. 21, Clarification and Recodification Be familiar with guidance impacting preparation and compilation engagements which is contained in SSARS Nos. 22, 23 and 24 Be familiar with preparation and compilation work program examples Be aware of the most recent reports and other required communications Keep abreast of relevant ARSC agenda items and projects Utilize hands-on examples and illustrations to increase your overall understanding and application of the material
Major Subjects
Relevant sections of SSARS No. 21, Clarification and Recodification Updates to SSARS No. 21 guidance due to issuance of SSARS Nos. 22, 23 and 24 Proposed changes to the SSARS guidance Comprehensive sample engagement work programs for preparation and compilation engagements Prescribed form, specified line item, pro forma, and other engagement variations Complete illustrations of relevant engagement letters, reporting and other required communications for preparation and compilation engagements SSARS No. 21 implementation issues and peer review feedback
Instructions
None

(SSMG407/26) Surgent's Enterprise Risk Management Concepts and Strategy for Small and Medium-Sized Companies
2026-06-30 12:00
Event Description
The past few years have taught us that major risks can come at us from any direction and with barely a warning. All organizations operate in a risk environment, but all too often, they either don’t realize it or they don’t develop a strategy to deal with the risks. In this session, we will explore how risks work in both for-profit and not-for-profit organizations and how they can develop a strategy to identify, evaluate, and mitigate those risks. This program will not teach how to eliminate risks, but how to strategize how to reduce their total effect. We will liberally use case studies of both for-profit and not-for-profit companies to bridge the gap between concept and actual implementation. In each area we will explore what our experiences of the pandemic have taught us about this part of risk management.
Designed For
CFOs, controllers, and finance professionals
Objectives
Understand how risks can both positively and negatively affect the organization Learn more about how we could have been better prepared for the pandemic Determine the nature of risk in both large and small organizations Understand the tolerance for risk in the organization Match risks to proper strategy Perform risk analysis and evaluations See how the strategy of the organization represents risk
Major Subjects
Overview of ERM and how it affects all organizations What COVID-19 has taught us about risk management Risk tolerance and developing a plan Risk identification Risk analysis Risk responses Strategy risk
Instructions
None

(SSAA456/26) Surgent's Accounting Principle Changes -- What Every CPA needs to know
2026-06-30 12:00
Event Description
This course provides an overview of the accounting requirements with respect to accounting principle changes. The scope of accounting changes includes a discussion of changes in accounting principles, changes in accounting estimates, as well as changes of a reporting entity. A majority of the information included within this course is sourced from the requirements found within FASB ASC Topic No. 250, Accounting Changes and Error Corrections.
Designed For
Accounting professionals
Objectives
List the different types of accounting changes and how they affect an entity’s financial statements Differentiate between the requirements for the different types of accounting changes Identify disclosure requirements related to changes in accounting principles
Major Subjects
An overview of the accounting requirements with respect to accounting principle changes Accounting changes that can take the shape of changes in accounting principle, changes in accounting estimates, and changes in reporting entity The ASUs that have affected ASC topics over the last few years
Instructions
None

(SSAA518/26) Surgent's Annual FASB Update and Review
2026-06-30 12:00
Event Description
This course provides a detailed discussion on the key topics related to financial reporting, though in a summarized format. The course will focus on recent ASUs issued by the FASB with a concentration on issues of greatest significance to most accounting practitioners, including recently released 2024 ASUs. Specifically, the course will review recently issued FASB standards on leases and provide an update on ASC 842 and ASC 326 post-implementation items and other hot button accounting issues, such as what is on the FASB’s technical agenda. This course is the place to go for a succinct but thorough update on the big topics impacting financial accounting and reporting.
Designed For
Practicing CPAs and their staffs, both in public accounting and business and industry, as well as controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review
Objectives
Be aware of recent private company standard setting activities Review the latest FASB Accounting Standards Updates (ASUs) Understand the recently implemented lease accounting guidance found in Topic 842, Leases Recall key provisions of recently issued FASB Updates Understand the key provisions and updates to Topic 326, Current and Expected Credit Losses (CECL)
Major Subjects
Private company standard setting activities Recent FASB Accounting Standards Updates (ASUs), including those addressing crypto assets (i.e., cryptocurrency) Topic 842, Leases ASC 326: CECL
Instructions
None

(SSTX560/26) Surgent's Critical Issues Involving Taxation of Construction Contractors
2026-06-30 12:00
Event Description
Many consider taxation of construction contractors to be the most complex area of the Internal Revenue Code. This industry is subject to many elections and considerations to reduce or defer amounts owed. In this course, we will highlight these areas and discuss potential opportunities for practitioners and their clients. We will also discuss the impact of recent legislation on construction taxation, including changes to net operating losses and the AMT rules. This is a critical presentation tailored for CPAs who work for or represent construction contractors.
Designed For
CPAs who work for or represent construction contractors looking for ways to reduce taxable income
Objectives
Recognize the impact of recent tax legislation on the construction industry Identify when the cash method of accounting may be used for long-term contracts Reference sections of the Internal Revenue Code (IRC) that impact the construction industry Recognize how the IRC impacts specialized sectors of the construction industry, such as homebuilders and residential construction Explain how a contractor qualifies for the small contractor exemption and its advantages Recognize the different methods of income recognition from long-term contracts available when a contractor qualifies for the small contractor exemption Identify the qualifications for the 10 percent deferral election Identify the major differences regarding cost capitalization rules between U.S. GAAP, exempt contracts, and nonexempt contracts Recognize the five basic rules concerning cost allocation for tax purposes Recognize how alternative minimum tax impacts the construction industry and identify ways to reduce its impact Understand the issues involved with the look-back provisions Recall the issues involved in determining a worker’s status as an employee or independent contractor and how this determination impacts the construction industry Recognize the key provisions of FIN 48 and how it impacts the construction industry Identify the most commonly missed tax strategies for contractors
Major Subjects
The impact of recent legislation on the construction industry How to qualify for the small contractor exemption and its advantages for the taxpayer Options available to small contractors regarding taxation of long-term contracts How the choice of entity impacts taxation of contractors How AMT impacts the construction industry IRC Section 460 and large contractors How uninstalled materials impact taxation of contractors Look-back rules Using the 10 percent method to allow certain contractors to defer recognizing taxable income Critical tax planning strategies for contractors
Instructions
None

(SSAA492/26) Surgent's Fraud Basics: Protecting the Company Till
2026-06-30 12:00
Event Description
The focus of this course is reducing the overall risk of fraud. To that end, instruction will cover the factors that play a role in turning honest employees into fraudsters. Discussion will touch on integrity and ethics, as well as how the reactions of people in certain situations may impact the prevalence of fraud. The course will also explore the dark net and cryptocurrency fraud.
Designed For
CPAs in public practice and industry who wish to educate clients or colleagues on preventing fraud from occurring at the source
Objectives
Recognize the prevalence of fraud Understand the ways an organization may unintentionally cause fraud Identify the costs of fraud Comprehend how the new COSO framework for internal control focuses on fraud Grasp the importance of an internal control environment Understand how people may respond differently to certain factors See that there are many layers involved in fraud defense
Major Subjects
The price of fraud ACFE’s Report to the Nations and ancillary costs The current economy microeconomics and analysis COSO internal control framework, particularly Principle 1 (integrity/ethics) and Principle 8 (fraud risk assessments) Power of morale shrinking the fraud triangle and employee motivation Why good folks go bad interesting findings and red flags
Instructions
None

(SSAA442/26) Surgent's Annual Accounting and Auditing Update
2026-06-30 12:00
Event Description
Designed as an all-you-need-to-know update for accounting, auditing, and attestation practitioners at all levels in public accounting and industry, this course provides a comprehensive review of recent standard-setting and rulemaking activities of the Financial Accounting Standards Board (FASB), American Institute of Certified Public Accountants (AICPA), Public Company Accounting Oversight Board (PCAOB), and Securities and Exchange Commission (SEC).On the financial accounting front, we will cover the FASB’s Post-Implementation Review (PIR) report for revenue recognition under ASC 606 and discuss the best practices in applying the standard and identifying any ongoing issues practitioners are experiencing with applying the standard. We will also discuss the more than a dozen ASUs the FASB has issued since the beginning of 2023 and into 2025 covering crypto assets, disaggregated expenses, business combinations, and leases for entities under common control.Our focus on AICPA standards includes a detailed discussion of revamped AICPA quality management standards. The AICPA updated and modernized the standards by issuing Statement on Quality Management Standards 1, 2, and 3 (SQMS 1, SQMS 2, and SQMS 3, respectively), SSARS No. 26, and SAS 146, Quality Management for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards (SAS 146). These standards, effective December 15, 2025, modernize quality management standards to reflect an increased focus on risk assessment, technology use, and the presence of outside experts on engagements.We will also cover new rules impacting public company audits and present case studies on recent fraudulent accounting stories and best practices for detecting and preventing such frauds.In summary, the course is your go-to source for all things A&A and will prepare you for your upcoming engagements throughout the rest of the year.
Designed For
Accounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities
Objectives
Review and apply recently issued and proposed FASB, PCAOB, SEC, and AICPA pronouncements; Recall and apply AICPA quality management standards (SQMS 1, SQMS 2, and SQMS 3) Understand the major findings of the FASB’s PIR report for ASC 606 and best practices in applying ASC 606 Be familiar with other important A&A practice matters you should be aware of Recall key provisions in SAS 146 and SSARS No. 26 Utilize hands-on examples and illustrations to increase your overall understanding and application of the material
Major Subjects
Recently issued FASB Accounting Standards Updates, PCC Update and items on the FASB’s Technical Agenda Recently issued ASUs covering common control leases, crypto assets (e.g., cryptocurrency), and income tax disclosures Statement on Quality Management Standards: SQMS 1, SQMS 2, and SQMS 3 Post-Implementation Review Report for revenue recognition under ASC 606 and best practices in applying ASC 606 Fraud case studies Recently issued SASs and other AICPA activity Recently issued PCAOB standards and SEC rulemaking activities Other important A&A practice matters
Instructions
None

(SSTX512/26) Surgent's Preparing C Corporation Tax Returns for New Staff and Paraprofessionals
2026-06-30 12:00
Event Description
This course is a great foundation to introduce new preparers to tax rules related to business returns. The course covers tax areas affecting all business entities, providing a solid basis for staff to handle business entity returns. Such business tax topics include the sale of assets used in a trade or business (Form 4797), depreciation (Form 4562), deductible and nondeductible items, and the basics of uniform capitalization. The objective of this course is to train new staff accountants, data processing employees, paraprofessionals, and bookkeepers to prepare complicated federal corporate income tax returns. It is a hands-on and practical course, with extra emphasis on changes to forms under new tax law.
Designed For
New staff and paraprofessionals involved in return preparation
Objectives
Understand basic preparation principles that affect all business entities Prepare a detailed Form 1120, including Schedule M-1 Apply proper treatment of trial balance entries on Form 1120
Major Subjects
Preparation of a reasonably complicated Form 1120, U.S. Corporate Income Tax Return, from trial balance to completed return The importance of Schedule M-1, including adjustments in reconciling book income to tax income and items staff may look for on all business returns New tax-planning strategies for depreciation deductions, including changes to Section 179 and first-year depreciation under Section 168(k) as a result of new tax legislation Methods of accounting In-depth analysis of Form 4797 dealing with depreciation recapture Deductible expenses, including rules on meals and entertainment Section 163(j) Computation of tax liability Overview of common business deductions deductibility and Schedule M-1 How to practically handle uniform capitalization and inventory accounting for a small manufacturing concern And more!
Instructions
None

(SSTX518/26) Surgent's Select Estate and Life Planning Issues for the Middle-Income Client
2026-06-30 12:00
Event Description
Clients think that estate planning only applies to the very rich. In truth, there are many issues of critical concern for which the middle-income client needs to plan. This course is a must-attend for all Accounting and Financial Professionals who work with middle-income clients and are looking for ways to provide additional quality services. Updated for developments relative to estate tax changes.
Designed For
Accounting and Financial Professionals who advise clients on estate planning
Objectives
Understand various documents used in estate planning Identify use of trusts and other financial arrangements Know what issues clients confront, and potential solutions
Major Subjects
Changes to the lifetime estate tax exemption in light of proposed regulations SECURE 2.0 updates More than 20 documents that should be reviewed that are neither a will nor trust Provisions you need in a will Trusts and other arrangements for children Durable powers of attorney for healthcare and for financial matters Realistic retirement goals Developments relative to estate tax, and the implications for planning
Instructions
None

(SSTX414/26) Surgent's Technical Business Practice Issues and Tax Forms for Experienced Practitioners
2026-06-30 12:00
Event Description
Don’t let the title frighten you. It is critical that staff be trained on the increasingly complex forms-related issues that challenge them each busy season. This course will help experienced staff focus on the essential amidst the cacophony of IRS and legislative changes and avoid costly mistakes.This course brings to the forefront advanced preparation issues, from individual returns to flow-through entities such as S corporations, LLCs, and partnerships.
Designed For
Accounting and Finance Professionals who are involved in planning, preparing, or reviewing complex returns
Objectives
Properly complete several tax forms related to certain advanced technical issues which arise in preparing Forms 1065 and 1120-S Understand advanced technical practice issues facing practitioners today
Major Subjects
Schedules K-2 and K-3 and filing exceptions Form 7203 IRS Tax Pro Account IRS modernization initiatives Information Returns Intake System (IRIS) Identity Theft warnings IRS guidance for the marijuana industry Recycled Form 1099-NEC to report nonemployee compensation Form 1065 steps for reporting capital Centralized audit regime; late filing penalties and small partnership relief Substance over Form argument of shareholder loans Advanced study of At-Risk loans Employer W-2 correction requests White House 2025 Budget Points Don’t get caught watching the paint dry — What is hot and new What is terminating S corporations today? Special allocation issues of Section 704 Final regulations for allocating depreciation recapture to partners and members of LLCs
Instructions
None

(SSTX544/26) Surgent's Buying and Selling a Business: Critical Tax and Structuring Issues
2026-06-30 12:00
Event Description
One of the major transactions CPA clients are faced with is the purchase or disposition of a business. To help tax professionals advise those clients, this course offers a comprehensive analysis of the business and tax aspects of buying and selling a business. It is a practical guide to help practitioners and industry CPAs understand structuring techniques. All CPAs, including controllers and executives in industry, should understand how difficult the process of buying and selling a business has become.
Designed For
All practitioners who will be involved in the sale of a business
Objectives
Understand the factors that must be considered for due diligence and developing a valuation Understand the goals and methods of negotiating the final purchase price Identify the different tax consequences of various forms of acquired businesses, including the impact of the net investment income tax (NIIT) and the Section 199A pass-through deduction Appreciate Section 338 and Section 338(h)(10) elections and the benefits of installment sales Understand the impact of Sections 751, 734, 743, and 754 on the purchase or sale of a partnership Learn how strategies have changed under new tax legislation Understand the required reporting to the IRS regarding the purchase or sale of a business and how to complete the forms
Major Subjects
An overview of the business evaluation process Negotiation points and goals from buyer and seller standpoints An overview of confidentiality agreements, memorandums of understanding, and asset purchase agreements Recognizing the need for due diligence in acquisitions, including checklists of important points Deemed asset sales Section 338 and Section 338(h)(10) The use of F reorganizations in lieu of Section 338(h)(10) The impact of the Section 197 amortizable intangibles regulations on the acquisition and disposition of a business Allocating purchase price for tax advantage Impact of the net investment income tax (NIIT) and the Section 199A pass-through deduction on the tax due on the sale of a pass-through entity Changes in strategy under the new tax laws Liquidation as an alternative to the sale of a business Planning to avoid double taxation Special problems and opportunities when an S corporation is the buyer or seller Special problems and opportunities when a partnership is the buyer or seller Installment sale and interest issues Avoiding tax pitfalls and recognizing tax planning opportunities
Instructions
None

(SSTX426/26) The Best Federal Tax Update Course by Surgent
2026-06-30 12:00
Event Description
In this continually revised course, tax advisors will be fully updated on the most recent enacted legislation and IRS guidance, as well as major trends on the horizon with a view toward planning considerations. This update course is designed for all practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes. Please Note: Due to content overlap, it is recommended that this course NOT be taken together with BITU.
Designed For
Accounting and Finance Professionals who need to know the latest tax law changes in all areas of practice, whether newly licensed or a seasoned professional
Objectives
Understand the latest enacted tax law changes Understand strategies and techniques to use in light of tax changes Understand current cases and rulings affecting individuals and businesses
Major Subjects
Congressional Budget Reconciliation Process – explore how this powerful legislative tool allows Congress to fast track tax law changes and how it could be used to enact significant tax reforms in the current political climate President Trump’s tax proposals – review key components of President Trump’s tax agenda, including a tip income exemption, overtime pay relief, Social Security tax exemption, auto loan interest deductibility, SALT deduction modifications, a lower corporate tax rate, restoration of 100% bonus depreciation, immediate R&D expensing, and permanent extension of select TCJA provisions Potential expiration of select TCJA provisions – understand the implications for individual and business taxpayers as key provisions of the TCJA approach sunset dates Tariff policy and implementation – analyze the use of tariffs as a fiscal and trade policy tool Digital assets and tax implications – understand the new Form 1099-DA for reporting digital asset transactions, along with updated IRS guidance on cryptocurrencies, NFTs, and broker responsibilities Artificial intelligence – discover how AI and generative tools are transforming tax practices, as well as how the IRS is leveraging AI to enhance audit selection Form 1099-K reporting requirements – understand the evolving IRS thresholds and rules for third-party payment platforms Sale of Passthrough Entity Interests and Net Investment Income Tax – analyze the tax implications of selling interests in passthrough entities, including relevant examples, and how the Net Investment Income Tax (NIIT) applies to these transactions The Gig Economy – examine key tax implications for gig workers, including Independent Contractor vs. Employee classification challenges, reporting responsibilities, and the impact of the 2024 Department of Labor Final Rule on worker status Timely coverage of breaking tax legislation Practice aids, including all the numbers applicable for the current year — inflation-adjusted amounts, mileage rates, retirement contributions, and more Advanced practice, reporting, and other issues intertwined with advanced planning and discussion ideas
Instructions
None

(SSAA569/26) Surgent's Principles of Financial Statement Presentation
2026-06-30 12:00
Event Description
This course provides an overview of the key presentation requirements with respect to an entity’s financial statements. This includes a discussion of key principles related to an entity’s overall presentation as well as specific topics with respect to its balance sheet, income statement, comprehensive income, statement of cash flows, as well as notes to the financial statements. The course also addresses the considerations around changes in accounting principles. The information related to this course is primarily sourced from the Financial Standards Accounting Board’s (FASB) Accounting Standards Codification (ASC).
Designed For
Accounting professionals
Objectives
Recognize overall financial statement presentation requirements Identify requirements for discontinued operations and liquidation basis of accounting reporting Determine when certain balance sheet accounts can be offset Identify presentation requirements for the income statement and comprehensive income List the different methods used for statement of cash flow presentation Differentiate between operating, financing, and investing activities in the statement of cash flows Identify disclosure requirements with respect to an entity’s accounting policies Recognize the requirements regarding changes in accounting principles
Major Subjects
The key presentation requirements with respect to an entity’s financial statements ASC topics related to presentation requirements, with a focus on ASC Topic 205, ASC Topic 210, ASC Topic 220, ASC Topic 225, ASC Topic 230, ASC Topic 235, and ASC Topic 250 Considerations around changes in accounting principles
Instructions
None

(SSAA589/26) Surgent's Surging Auditors: Internal Out of Control
2026-06-30 12:00
Event Description
In this hands-on game, participants are helping to prepare an internal control testing plan for Home D‚cor & More (HDM). They must assess controls related to HDM’s inventory cycle to determine which financial statement assertions each control satisfies, the quality of the control’s design, and whether there is adequate segregation of duties. Then, they will complete the HDM control testing plan, including the level of reliance to place on each control and the test of control methods. Each participant wants to be spot-on with the evaluation before submitting the information to a manager for feedback.
Designed For
Accounting and financial service professionals needing a refresher on internal control testing plans and related standards
Objectives
Explain the professional standards related to and rationale for understanding and testing internal controls; Discuss the professional standards related to testing controls for operating effectiveness Illustrate the appropriate level of linkage between the work performed in testing internal controls, control reliance and reporting on internal controls Identify impact of a control reliance strategy on the detailed audit plan
Major Subjects
Refresher on understanding internal controls When testing internal controls is required When testing of internal controls is an effective strategy to reduce substantive testing Designing tests of control Responses when deviations are discovered in the design or operating effectiveness of internal control
Instructions
None

(SSAA523/26) Surgent's Financial Statement Disclosures: A Guide for Small and Medium-Sized Businesses
2026-06-30 12:00
Event Description
A clear and concise set of proper financial statement disclosures can make or break an entity’s financial statements. Such disclosures are no longer simply additional information provided by a business; they can be complex in nature and difficult to both prepare and understand, especially for small and medium-sized businesses. Oftentimes financial statement users will first turn to the notes in the financial statements in order to get a feel for where the business and its numbers might be heading, so these disclosures need to be well-written and follow applicable standards. This course will focus on key balance sheet and income statement disclosure as well as accounting standards related to the two largest standard updates in years, revenue (ASC 606) and leases (ASC 842), accounting policies, changes in accounting estimates and errors, subsequent events, going concern, and related party disclosures. The course will use illustrations, examples based on private company financial statements disclosures, and real-world excerpts from financial statements to provide you with a hands-on feel for the disclosure requirements across a number of accounting standards.
Designed For
CPAs and other accounting professionals in public practice and business and industry involved in preparing financial statement disclosures for small and medium-sized businesses
Objectives
Understand and apply the professional requirements and guidance for preparing financial statement disclosures for all entities, including small and medium-sized businesses Identify balance sheet, income statement, and statement of cash flows presentation issues Review disclosure examples from all sized entities, including small and medium-sized businesses Be familiar with developing disclosure issues, such as those related to the adoption of new accounting pronouncements Utilize hands-on examples and illustrations to increase your overall understanding and application of the material
Major Subjects
Financial statement disclosures for small and medium-sized businesses Balance sheet, income statement, and statement of cash flows presentation and disclosure issues Disclosure examples from all-sized entities that you can use to base your disclosures on Developing disclosure issues, including disclosures related to the adoption of ASC 606 and ASC 842
Instructions
None

(SSTX542/26) Surgent's Buying and Selling a Business: Tax and Structuring Overview
2026-06-30 12:00
Event Description
One of the major transactions CPA clients are faced with is the purchase or disposition of a business. To help tax professionals advise those clients, this course offers a comprehensive analysis of the business and tax aspects of buying and selling a business. It is a practical guide to help practitioners and industry CPAs understand structuring techniques. All CPAs, including controllers and executives in industry, should understand how difficult the process of buying and selling a business has become.
Designed For
All practitioners who will be involved in the sale of a business
Objectives
Understand the CPA’s role in the beginning of the transaction and throughout the process Identify the different tax consequences for various forms of acquired businesses Identify the tax consequences for sellers of various forms of businesses, including the impact of the net investment income tax (NIIT) and the Section 199A pass-through deduction Appreciate Section 338 and Section 338(h)(10) elections and the benefits of installment sales Understand the impact of Sections 751, 743, 734, and 754 on the purchase or sale of a partnership
Major Subjects
An overview of the beginning of the process and documents for preliminary tax planning Recognizing the need for due diligence in acquisitions, including checklists of important points Deemed asset sales Section 338 and Section 338(h)(10) The impact of the Section 197 amortizable intangibles regulations on the acquisition and disposition of a business Allocating purchase price for tax advantage Planning to avoid double taxation under the repeal of the General Utilities doctrine Special problems and opportunities when an S corporation is the buyer or seller Installment sale and interest issues Avoiding tax pitfalls and recognizing tax planning opportunities Unique issues in buying and selling LLC/partnership interests Impact of the net investment income tax (NIIT) and the Section 199A pass-through deduction on the tax due on the sale of a pass-through entity Individually owned goodwill
Instructions
None

(SSTX469/26) Surgent's This Year's Best Income Tax, Estate Tax, and Financial-Planning Ideas
2026-06-30 12:00
Event Description
With different tax rates for individuals and trusts, tax planning takes on more importance. New legislation increases the importance of generating new ideas for financial planning and saving for retirement. The purpose of this course is to explore practical tax-planning ideas that practitioners can use to assist clients with their needs. This course is crucial for CPAs who are looking for good ideas that can save clients money! Continually updated for legislative developments.
Designed For
All Accounting and Finance Professionals, especially those who want to provide the best up-to-the-minute tax advice
Objectives
Understand life insurance for both income and estate planning Identify strategies that are effective following estate and gift tax reform Understand options available to baby boomers as they reach retirement in light of Social Security Prepare for potential legislative changes to retirement and estate planning
Major Subjects
Timely coverage of breaking tax legislation, including the SECURE 2.0 Act and Inflation Reduction Act provisions applicable to individuals Changes to the lifetime estate tax exemption in light of proposed regulations Considerations when selling a principal residence Tax benefits of HSAs An overview of the mechanics and practical considerations of Donor Advised Funds Virtual currency and digital assets The Corporate Transparency Act and FinCEN Beneficial Ownership Information reporting The best new income tax and estate-planning ideas The changing Social Security landscape: long-term solvency issues and what it means for retirement planning Creative charitable giving strategies Financial planning strategies Maximizing retirement plan benefits Using intentionally defective grantor trusts Miscellaneous tax-planning techniques that can add up to significant tax savings How to use the whole family for tax savings Life insurance Up-to-the-minute ideas reflecting new tax law changes in cases, regulations, and rulings
Instructions
None

(SSAA600/26) Surgent's Understanding Derivatives and Hedge Accounting: A Simplified Guide for CPAs
2026-06-30 12:00
Event Description
This course provides CPAs with a comprehensive understanding of derivatives and hedging in financial management. Participants will explore the fundamentals of derivatives, their strategic role in risk management, and the differences between hedge accounting and traditional accounting methods. The course specifically covers fair value, cash flow, and net investment hedges, and discusses their practical applications. This course also addresses hedge accounting, including designation, documentation, and effectiveness testing.
Designed For
CPAs interested in derivatives and hedge accounting
Objectives
Identify derivatives’ strategic role in financial risk management Recognize differences between hedge accounting and traditional methods Distinguish fair value, cash flow, and net investment hedges in practice Determine key steps in hedge accounting: designation, documentation, and effectiveness testing Diffenentiate how fair value, cash flow, and net investment hedges mitigate financial risks
Major Subjects
Common types of derivatives Hedging vs. Speculation Market risk, credit risk, liquidity risk
Instructions
None

(SSMG418/26) Surgent's Max the Tax: Client Retention
2026-06-30 12:00
Event Description
This course is designed to equip practitioners with the essential strategies and tools needed to build and maintain long-term client relationships. Participants will learn about effective client retention plans and enhancing client satisfaction through personalized service. This engaging course will teach the importance of fostering client loyalty, reducing churn, and driving sustainable business growth.
Designed For
CPAs in industry and public accounting who want to understand the importance of fostering client relationships
Objectives
Understand the importance of client retention Implement effective client retention strategies
Major Subjects
Importance of client retention Understanding client needs and expectations through client satisfaction surveys and analyzing client feedback Developing effective client retention strategies Fostering client loyalty Handling client complaints and issues through effective complaint resolution
Instructions
None
